B+S BANKSYSTEME AG (DTD2.DE) Stock Fundamental Analysis
FRA:DTD2 - Deutsche Boerse Ag - DE0001262152 - Common Stock - Currency: EUR
Overall DTD2 gets a fundamental rating of 5 out of 10. We evaluated DTD2 against 103 industry peers in the Software industry. DTD2 has an excellent profitability rating, but there are concerns on its financial health. DTD2 scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
DTD2 had positive earnings in the past year.
In the past year DTD2 had a positive cash flow from operations.
DTD2 had positive earnings in 4 of the past 5 years.
In the past 5 years DTD2 always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 6.15%, DTD2 is doing good in the industry, outperforming 66.35% of the companies in the same industry.
DTD2 has a Return On Equity of 11.23%. This is in the better half of the industry: DTD2 outperforms 71.15% of its industry peers.
The Return On Invested Capital of DTD2 (8.15%) is better than 69.23% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DTD2 is significantly below the industry average of 10.93%.
The last Return On Invested Capital (8.15%) for DTD2 is above the 3 year average (2.95%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.15% | ||
| ROE | 11.23% | ||
| ROIC | 8.15% |
ROA(3y)2.18%
ROA(5y)1.24%
ROE(3y)4.04%
ROE(5y)2.25%
ROIC(3y)2.95%
ROIC(5y)N/A
1.3 Margins
DTD2 has a Profit Margin of 13.23%. This is in the better half of the industry: DTD2 outperforms 69.23% of its industry peers.
In the last couple of years the Profit Margin of DTD2 has grown nicely.
DTD2 has a Operating Margin of 17.40%. This is in the better half of the industry: DTD2 outperforms 75.96% of its industry peers.
DTD2's Operating Margin has improved in the last couple of years.
DTD2 has a better Gross Margin (91.19%) than 91.35% of its industry peers.
DTD2's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.4% | ||
| PM (TTM) | 13.23% | ||
| GM | 91.19% |
OM growth 3Y90.37%
OM growth 5YN/A
PM growth 3Y74.14%
PM growth 5YN/A
GM growth 3Y-1.2%
GM growth 5Y-1.67%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DTD2 is creating some value.
Compared to 1 year ago, DTD2 has about the same amount of shares outstanding.
The number of shares outstanding for DTD2 remains at a similar level compared to 5 years ago.
DTD2 has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.67, we must say that DTD2 is in the distress zone and has some risk of bankruptcy.
DTD2 has a Altman-Z score of 1.67. This is comparable to the rest of the industry: DTD2 outperforms 42.31% of its industry peers.
DTD2 has a debt to FCF ratio of 4.34. This is a neutral value as DTD2 would need 4.34 years to pay back of all of its debts.
DTD2 has a better Debt to FCF ratio (4.34) than 62.50% of its industry peers.
DTD2 has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.30, DTD2 perfoms like the industry average, outperforming 51.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 4.34 | ||
| Altman-Z | 1.67 |
ROIC/WACC1.12
WACC7.3%
2.3 Liquidity
DTD2 has a Current Ratio of 0.99. This is a bad value and indicates that DTD2 is not financially healthy enough and could expect problems in meeting its short term obligations.
DTD2 has a Current ratio of 0.99. This is in the lower half of the industry: DTD2 underperforms 66.35% of its industry peers.
A Quick Ratio of 0.99 indicates that DTD2 may have some problems paying its short term obligations.
DTD2's Quick ratio of 0.99 is on the low side compared to the rest of the industry. DTD2 is outperformed by 65.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 |
3. Growth
3.1 Past
DTD2 shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 108.91%, which is quite impressive.
DTD2 shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 86.02% yearly.
Looking at the last year, DTD2 shows a quite strong growth in Revenue. The Revenue has grown by 8.82% in the last year.
Measured over the past years, DTD2 shows a small growth in Revenue. The Revenue has been growing by 7.04% on average per year.
EPS 1Y (TTM)108.91%
EPS 3Y86.02%
EPS 5YN/A
EPS Q2Q%138.1%
Revenue 1Y (TTM)8.82%
Revenue growth 3Y6.8%
Revenue growth 5Y7.04%
Sales Q2Q%3.23%
3.2 Future
The Earnings Per Share is expected to grow by 16.20% on average over the next years. This is quite good.
Based on estimates for the next years, DTD2 will show a small growth in Revenue. The Revenue will grow by 4.47% on average per year.
EPS Next Y58.33%
EPS Next 2Y32.29%
EPS Next 3Y24.22%
EPS Next 5Y16.2%
Revenue Next Year7.44%
Revenue Next 2Y6.02%
Revenue Next 3Y5.73%
Revenue Next 5Y4.47%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 6.04, which indicates a rather cheap valuation of DTD2.
Based on the Price/Earnings ratio, DTD2 is valued cheaply inside the industry as 99.04% of the companies are valued more expensively.
DTD2's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.30.
With a Price/Forward Earnings ratio of 7.61, the valuation of DTD2 can be described as very cheap.
Based on the Price/Forward Earnings ratio, DTD2 is valued cheaply inside the industry as 96.15% of the companies are valued more expensively.
DTD2 is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.04 | ||
| Fwd PE | 7.61 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DTD2 is valued cheaply inside the industry as 95.19% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, DTD2 is valued cheaply inside the industry as 95.19% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.97 | ||
| EV/EBITDA | 4.54 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of DTD2 may justify a higher PE ratio.
A more expensive valuation may be justified as DTD2's earnings are expected to grow with 24.22% in the coming years.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y32.29%
EPS Next 3Y24.22%
5. Dividend
5.1 Amount
DTD2 does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
FRA:DTD2 (7/11/2025, 7:00:00 PM)
1.63
-0.09 (-5.23%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners11.11%
Inst Owner ChangeN/A
Ins Owners56.39%
Ins Owner ChangeN/A
Market Cap10.12M
Analysts82.86
Price Target4.59 (181.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-4.26%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.04 | ||
| Fwd PE | 7.61 | ||
| P/S | 0.78 | ||
| P/FCF | 7.97 | ||
| P/OCF | 8.2 | ||
| P/B | 0.67 | ||
| P/tB | 3.54 | ||
| EV/EBITDA | 4.54 |
EPS(TTM)0.27
EY16.56%
EPS(NY)0.21
Fwd EY13.14%
FCF(TTM)0.2
FCFY12.55%
OCF(TTM)0.2
OCFY12.19%
SpS2.08
BVpS2.45
TBVpS0.46
PEG (NY)0.1
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.15% | ||
| ROE | 11.23% | ||
| ROCE | 10.96% | ||
| ROIC | 8.15% | ||
| ROICexc | 8.54% | ||
| ROICexgc | 23.09% | ||
| OM | 17.4% | ||
| PM (TTM) | 13.23% | ||
| GM | 91.19% | ||
| FCFM | 9.84% |
ROA(3y)2.18%
ROA(5y)1.24%
ROE(3y)4.04%
ROE(5y)2.25%
ROIC(3y)2.95%
ROIC(5y)N/A
ROICexc(3y)3.25%
ROICexc(5y)N/A
ROICexgc(3y)10.17%
ROICexgc(5y)N/A
ROCE(3y)3.98%
ROCE(5y)N/A
ROICexcg growth 3Y118.37%
ROICexcg growth 5YN/A
ROICexc growth 3Y110.38%
ROICexc growth 5YN/A
OM growth 3Y90.37%
OM growth 5YN/A
PM growth 3Y74.14%
PM growth 5YN/A
GM growth 3Y-1.2%
GM growth 5Y-1.67%
F-Score6
Asset Turnover0.47
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.3 | ||
| Debt/FCF | 4.34 | ||
| Debt/EBITDA | 1.42 | ||
| Cap/Depr | 3.62% | ||
| Cap/Sales | 0.28% | ||
| Interest Coverage | 9.93 | ||
| Cash Conversion | 38.09% | ||
| Profit Quality | 74.4% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.99 | ||
| Altman-Z | 1.67 |
F-Score6
WACC7.3%
ROIC/WACC1.12
Cap/Depr(3y)2.14%
Cap/Depr(5y)4.94%
Cap/Sales(3y)0.26%
Cap/Sales(5y)0.74%
Profit Quality(3y)3082.14%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)108.91%
EPS 3Y86.02%
EPS 5YN/A
EPS Q2Q%138.1%
EPS Next Y58.33%
EPS Next 2Y32.29%
EPS Next 3Y24.22%
EPS Next 5Y16.2%
Revenue 1Y (TTM)8.82%
Revenue growth 3Y6.8%
Revenue growth 5Y7.04%
Sales Q2Q%3.23%
Revenue Next Year7.44%
Revenue Next 2Y6.02%
Revenue Next 3Y5.73%
Revenue Next 5Y4.47%
EBIT growth 1Y270.46%
EBIT growth 3Y103.31%
EBIT growth 5YN/A
EBIT Next Year141.67%
EBIT Next 3Y37.21%
EBIT Next 5Y22.61%
FCF growth 1Y-9.42%
FCF growth 3Y62.88%
FCF growth 5YN/A
OCF growth 1Y-14.19%
OCF growth 3Y57.27%
OCF growth 5YN/A